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The Iran conflict came just as Americans were feeling better about the economy
Gasoline prices hit sentiment the hardest. A swath of consumers across incomes reported declines in expectations for their personal finances. Economists worry that consumers will pull back their spending. The University's gauge of consumer sentiment fell to a preliminary March reading of 55.5 from 56.6 in the prior month. That did, however, beat the expectations from economists polled by the Wall Street Journal, who said sentiment would dip to 55.3 in March. The survey period for the index ended on March 9, making this the first economic indicator to reflect the conflict's impact - at least partially. Key details: A ... (full story)
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The Consumer Sentiment Index in the United States slid 1.9% in March compared to the month prior, to stand at 55.5, a preliminary report posted by the University of Michigan showed on Friday. The figure slipped by 2.6% on an annual level. The Current Economic Conditions Index went up by 2.1% in the reported period compared to February and declined by 9.4% ...
FRANCE AND ITALY OPEN TALKS WITH IRAN IN HOPE OF SECURING SAFE HORMUZ PASSAGE: FT
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Trump says Iran war will 'not last long' United States President Donald Trump expressed his belief that the military conflict in Iran will be over soon. In an interview with Fox News Radio on Friday, the US president said the country's economy will "bounce back" once the war is over, which he expects will not take long. When asked when exactly the war would end, Trump said he would "feel it in his bones." Regarding the ongoing conflict, Trump also claimed that the current regime in Iran will fall, but added that it might not happen "immediately."